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Jim McIngvale, known as Mattress Mack, has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA Men's Basketball Tournament with Caesars Entertainment. The bet was made at odds of +750, and Houston is now a +550 favorite at DraftKings. The tournament's broadcast rights are shared between Warner Bros. Discovery and Paramount Global, with games aired on various channels and streaming platforms. A Houston win could significantly impact Caesars Entertainment due to the large bet.

Portfolio Pulse from Chris Katje

March 20, 2024 | 8:55 pm

HOFV

Hall Of Fame Resort (NASDAQ:HOFV) reported Q4 earnings with an EPS of $-3.2, missing estimates by -23.0% against an expected $-2.6. Revenue increased by $3.61 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 1.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:55 pm

WOR

Worthington Enterprises (NYSE:WOR) reported Q3 earnings with an EPS of $0.8, beating estimates by 7%, but saw a revenue decline to $786.25 million from the previous year. Despite beating EPS estimates in past quarters, such outperformance has previously led to a short-term drop in share price.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:55 pm

WOR

Worthington Industries (WOR) reported Q3 earnings of $0.80 per share, surpassing the $0.75 estimate, but saw a 23.08% decrease from last year's $1.04. Sales of $316.75M fell short of the $326.97M estimate and dropped 71.28% from last year's $1.10B.

Portfolio Pulse from dijoy@benzinga.com

March 20, 2024 | 8:54 pm

PEPEUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has seen a 19% surge in the past 24 hours, outperforming Shiba Inu (CRYPTO: SHIB) which gained 7%. The increase in Pepe's price is attributed to a rise in token holders, optimistic analyst sentiment, and its availability on Robinhood's new self-custody crypto wallet and a promotional giveaway by crypto.com. Technical analysis suggests Pepe could triple its current market cap, potentially reaching beyond $9 billion.

Portfolio Pulse from Khyathi Dalal

March 20, 2024 | 8:53 pm

HOFV

Hall Of Fame Resort (HOFV) reported Q4 losses of $(3.20) per share, missing the $(2.60) estimate, but sales of $6.14M exceeded the $5.48M estimate. This represents an 8.83% increase in losses and a 143.24% increase in sales from the same period last year.

Portfolio Pulse from dijoy@benzinga.com

March 20, 2024 | 8:52 pm

KBH

KB Home projects its housing revenue for 2024 to be between $6.5 billion and $6.9 billion, indicating a positive outlook for the company's financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:49 pm

NSYS

Nortech Systems anticipates its positive momentum to persist into 2024, suggesting continued growth and potentially improved financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:45 pm

NSYS

Nortech Systems reported a significant increase in its Q4 2023 earnings per share (EPS) to $1.51, up from a loss of $(0.14) in the same quarter the previous year. Net sales also saw a slight increase to $36.054 million from $35.618 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:44 pm

GES

Guess?, Inc. (NYSE:GES) reported Q4 earnings of $2.01 per share, surpassing estimates of $1.56, with sales of $891.05 million beating estimates of $855.54 million. The company announced a special cash dividend of $2.25 per share and expects Q1 revenue to grow 1-2%. Fiscal year 2025 revenue is projected to increase 11.5-13.5%, with earnings of $2.56-$3.00 per share. CEO Carlos Alberini highlighted the integration of rag & bone and the launch of Guess Jeans targeting Generation Z.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 8:43 pm